Gain Capital announced a partnership with Streambase Systems, the provider of complex event processing (CEP) technology. According to the press release the tie-up will “offer a complete solution for their mutual clients to quickly deploy FX high-frequency trading algorithms.”
Broadening accessibility to high-frequency algo trading has been a theme of late (Trigger Trader launched by beta-gamma research, Integral announces a complete solution). By connecting Streambase to its GTX platform, which was launched in January, Gain is primarily targeting institutional players. Code written in Visual Basic.net and C# can be migrated but, apparently, an even quicker route to implementation will be via Streambase’s proprietary visual language.
Gain will also use Streambase to improve market making, risk management and background processes in its core retail business platform Forex.com. Andrew Haines, CIO at Gain Capital says: “We are always looking for new technologies to improve our customers’ experience as well as our internal operational efficiencies. With Streambase, we have a mutually beneficial partnership where the combined offering delivers a powerful solution on which our customers can develop and execute trading strategies with minimal effort.”
By linking with an established CEP outfit, Gain’s approach differs from that of Integral that developed its FX Inside Alpha module in-house.